The 5,600-square-foot home has not been upgraded in 20 years, has no fire sprinkler system and is not accessible to the disabled.

Work on a new $7.2 million home and event center is on track to be finished in July. The president of a nonprofit group overseeing the project says the foundation is raising money through private donors.

The school's current president, Wallace Loh, is living in a home he purchased near campus.